US-China Trade Highlights: US imposes 104% tariffs on Chinese goods effective immediately; additional tariffs to be collected starting April 9: White House
Sure. But they sell a huge amount to the US. And this is about a trade deficit between US and China. This one hurt the US like it will China - US can buy similar goods elsewhere, while the rest of the world can’t compensate for the loss of sales to the US - they’re already purchasing what they need.
I mean this is basic economics, and you all act like China can magically come up with new customers.
The current effective tariff on Chinese goods is 104%, and that doesn’t include the tariffs on countries through which China ships. Those tariffs put Xi in a no-win situation. He can’t even afford the 34% Tariff for any length of time, because of the massive overproduction going on. They have manufacturing going to meet demand 6 months from now, to compensate for distribution time. All that stuff will now sit in China, where they don’t have storage capacity for it.
Sure. But they sell a huge amount to the US. And this is about a trade deficit between US and China. This one hurt the US like it will China - US can buy similar goods elsewhere, while the rest of the world can’t compensate for the loss of sales to the US - they’re already purchasing what they need.
I mean this is basic economics, and you all act like China can magically come up with new customers.
The current effective tariff on Chinese goods is 104%, and that doesn’t include the tariffs on countries through which China ships. Those tariffs put Xi in a no-win situation. He can’t even afford the 34% Tariff for any length of time, because of the massive overproduction going on. They have manufacturing going to meet demand 6 months from now, to compensate for distribution time. All that stuff will now sit in China, where they don’t have storage capacity for it.